ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Bombay University-Administration by Gesture

August 19, 1972 and control over disposition of import licences and export incentives, among other things. Some recent take-overs testify to the value of these 'returns'. Unlike where take-overs have to be generalised, the purchasers hardly dilute their control in 'their' enterprises when making the 'purchases' since they use company funds but do not issue company equity to make the purchases. Besides being based on black money, these "take-overs", therefore, create compulsions for generating black money and illegal foreign exchange accounts.

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